Mediterranean Moorings plc

July 11, 2008 05:14 ET

Issue of Shares

11 July 2008

                                      MEDITERRANEAN MOORINGS PLC

                                          Issue of Shares

The  Directors  of  Mediterranean Moorings plc ("the Company") today received  notification  under
Section  198 of the Companies Act 1985 that on 10 July 2008, the Company issued 1,407,143 ordinary
shares of 0.5 pence at a price of 1.75 pence each.

1,007,143  ordinary  shares  were issued to Griffin Two Limited,  in  lieu  of  outstanding  fees.
Griffin  Two Limited is a wholly-owned subsidiary within the Griffin Group plc group of companies,
of which Vincent Nicholls is a director.

400,000 ordinary shares were issued to Michael Nash, a Director of the Company, in respect of part
of his director's fee consideration.

Griffin  Two Limited now holds 3,557,143 shares, representing 8.77% of the Company's issued  share
capital  and  Michael Nash now holds 1,650,000 shares, representing 4.07% of the Company's  issued
share capital.

The  1,407,143 ordinary shares represent 3.47% of the total issued share capital. The Company  now
has  40,573,810  ordinary  shares of 0.5 pence each in issue. The  Company's  total  issued  share
capital is GBP202,869.

The directors of the Company accept responsibility for this announcement.

                                             - ends -


Mediterranean Moorings plc:
Vincent Nicholls                           Tel: 07767 420 160
Michael Nash                               Tel: 07717 493 495

Fisher Corporate Plc:
Gary Miller                                Tel: 0207 388 7000

Contact Information

  • Mediterranean Moorings plc